Author: Desmond Brooks
Desmond Brooks
Desmond Brooks is a skilled financial strategist with a keen eye for market analysis and trading opportunities. With a solid foundation in finance and a passion for economic trends, Desmond provides clear, actionable insights that help traders navigate the complexities of the market. He has contributed to several financial platforms, where his expertise in strategic planning and risk management has made him a trusted voice in the trading community.
B2Broker, a leading provider of technology and liquidity solutions for the Forex and crypto markets, has introduced significant updates to its B2CORE CRM and back-office platform. These updates include the latest 16th version release of B2CORE, a new Android app, and enhanced features for its iOS app. Enhanced Usability, Security, and Analytics in B2CORE Update With the latest B2CORE release, B2Broker has improved usability, added security features, and integrated advanced analytics tools. The new version provides cTrader clients with the ability to manage bonus programs directly in the B2CORE Back Office, allowing businesses to customize bonus amounts, duration, and applicable…
Australian-based forex and contracts for differences (CFDs) broker AUS Global has taken a significant step in its Middle East expansion, securing a Category 5 license from the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE). This new license highlights the firm’s focus on establishing a strong presence in the region. In an announcement translated from Arabic, AUS Global stated, “This milestone strengthens our commitment to providing secure and innovative trading solutions worldwide.” Operating Under Multiple Licenses With the addition of the UAE license, AUS Global now operates under regulatory approvals from authorities in Australia, Cyprus, South Africa,…
Proprietary trading firm Goat Funded Trader (GFT) has announced a temporary suspension of live trading accounts during the U.S. presidential election period, from November 5 to 6, as a precautionary measure against anticipated market volatility. Election-Driven Trading Halt and Cautionary Measures GFT informed its clients via social media that trading on all live accounts would be disabled from November 5, 5 pm UTC, until November 6, 1 pm UTC. This step aligns with common industry practices where firms limit trading during high-risk events to manage extreme price fluctuations. GFT has advised clients to close all open positions in live simulated…
easyMarkets has reported significant growth in trading volumes for Q3, driven by shifts in global markets that spurred heightened activity among traders. Key contributors to this growth were the USDJPY currency pair and the NASDAQ index, which saw robust demand amid changing economic conditions. USDJPY Spikes After Bank of Japan’s Rate Hike The standout performer for easyMarkets in Q3 was the USDJPY currency pair, which recorded a remarkable 98% increase in trading volume over the previous quarter. This surge was largely fueled by heightened interest in Yen pairs following the Bank of Japan’s unexpected decision to raise interest rates for…
FP Markets has announced a new partnership with trading signal provider xsee, aimed at enhancing the trading experience for retail investors. This collaboration allows FP Markets’ clients to access xsee’s data driven trading signals directly within their trading accounts, meeting the growing demand for reliable, actionable insights in retail trading. Enhancing Trading with Data-Backed Signals As retail investors increasingly seek tools that provide strategic insights, FP Markets’ integration with xsee delivers a streamlined solution. Through the FP Markets platform, clients can now view and utilize trading signals from xsee, which undergo a thorough vetting process to ensure reliability. Each signal…
The Cyprus Securities and Exchange Commission (CySEC) has extended the suspension of Cyprus Investment Firm FTX (EU) Ltd’s authorization, barring it from offering investment services until late May 2025. This extension allows the firm time to comply with the Investment Services and Activities and Regulated Markets Law of 2017. Suspension Details and Limitations for FTX (EU) Under the suspension, FTX (EU) is prohibited from providing investment services, entering new business transactions, or accepting new clients. It is also barred from promoting itself as an investment service provider. However, the firm is permitted to complete ongoing transactions and return funds to…
Proprietary trading firm FunderPro has integrated the cTrader platform into its services, expanding trading options for its users. cTrader, a forex and CFD trading platform, provides brokers and prop trading firms access to a wide range of financial instruments through a comprehensive liquidity network. Enhanced Solutions for Proprietary Trading Firms Spotware, the developer of cTrader, offers various integration solutions, including Open API and plugins, enabling seamless connectivity for brokers and proprietary trading firms. Spotware’s fintech solutions support a network of brokers and prop firms globally, further strengthening FunderPro’s trading infrastructure. FunderPro’s move follows similar steps by other proprietary trading companies…
Italy’s financial regulator, Consob, has partnered with Google to block fraudulent investment ads, aiming to strengthen investor protection by filtering out risky ads from social media and web platforms before they can reach audiences. The collaboration, announced at a conference in Rome organized by Consob Commissioner Gabriella Alemanno, is designed to enhance online security for investors by intercepting deceptive financial promotions. A Broader Tech Alliance on the Horizon This partnership with Google is seen as an initial step in a larger initiative. Consob Commissioner Federico Cornelli expressed optimism, calling the collaboration “a first step in the right direction.” Cornelli emphasized…
Capital One could soon face enforcement action from the Consumer Financial Protection Bureau (CFPB) over allegations of inadequate disclosure on a high-yield savings account, according to SEC filings. This situation arose after customers voiced complaints that Capital One’s rollout of a new high-interest “360 Performance Savings” account was unclear, resulting in some customers potentially earning less than they would have with the new account. Customer Complaints Spark Legal Dispute In a lawsuit filed last year, some Capital One customers argued that they were not properly informed about the difference between their existing “360 Savings” accounts and the new, higher yield…
The Financial Commission has announced the removal of DeltaFX from its membership roster, citing persistent non-compliance with its regulatory standards. DeltaFX’s expulsion means its clients are no longer eligible for compensation through the Financial Commission’s Compensation Fund, which is available solely to clients of approved members and is contingent upon rulings by the organization’s Dispute Resolution Committee. As an external dispute resolution body within the financial services industry, the Financial Commission enforces standards that member firms must meet to retain their membership. The organization confirmed that DeltaFX was removed after repeated rule violations and failure to meet required compliance measures.…